Application lifecycle management (ALM) is the standardized process of managing a software application or from its initial conception, through its different development phases and ongoing support, to its end of life. While it can be thought of as product lifecycle management (PLM) for software, ALM is actually much more complex – dealing with more variables and a greater number of changes completed in shorter timeframes. Therefore, documenting the history of an application is key in software development.
As an information strategy, ALM organizes all of application's development- relevant data throughout each stage of its lifecycle
The ALM tools that organize this data also facilitate communication and collaboration between all the departments and stakeholders involved with the application.
Increased Productivity through closed-loop software development
Improved Quality Assurance by making software engineering part of a MBSE (model-based systems engineering) environment for continuous software validation, leveraging modeling and simulation capabilities
Better Cost Containment with "right the first time" software deliveries, reuse, and closed-loop validation of software design decisions in the context of the company's overall products portfolio
Greater Scalability from a proven enterprise infrastructure that requires minimal organizational adjustment
Regulatory compliance via end-to-end traceability from the very first user requirement, to the final testing (including regulatory) requirements